Right on! 8 {4 ^( R9 X2 l8 \/ R: Q$ d# y
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I think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$. " V( x8 v* v! F' ~$ u& e: C" Q; h1 _ W! ?3 |/ a3 w0 B5 G
Woohoo...time to realize some profits (especially on oil and gas stocks) today! 1 }, q- [0 o! J$ f 7 U k4 T z$ P" MAn option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.7 o, \4 c" F8 r" z7 i
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. & u2 H( I& n+ E0 @$ i' @4 N1 T# L/ R
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 / t/ t9 B9 f) i4 T" C( b: M. @Right on! $ a- h4 P& j: z* N I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 4 B% {( |/ K' y
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 + q. R& ?' m3 p( _# D& B. } ' |5 \, X( w4 G% d/ C2 s- \' f; J' c0 y$ S( I
Are you kidding? b* P! `% I4 } 0 v0 K/ i9 l) G' L( i; L) jRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%